Draft Treaty establishing the European Union

1

Part Four THE POLICIES OF THE UNION

207

Article 49 Approximation of the laws relating to undertakings and
taxation

Article 49 Approximation of the laws relating to undertakings and
taxation

229

The Union shall take measures designed to approximate the laws,
regulations and administrative provisions relating to
undertakings, and in particular to companies, in so far as such
provisions have a direct effect on a common action of the Union. A
law shall lay down a Statute for European Undertakings.

230

In so far as necessary for economic integration within the Union,
a law shall effect the approximation of the laws relating to
taxation.